According to the Complaint, Funko, Inc. is a pop culture consumer products company engaged in selling a broad range of pop culture consumer products, featuring characters from a range of media and entertainment content, including movies, TV shows, video games, music and sports. Its products combine its proprietary brands and designs into properties it licenses from content providers.

This is a class action on behalf of persons and/or entities who purchased or otherwise acquired Funko Class A Common Stock pursuant to its initial public offering and/or traceable to the Company’s Registration Statement (the “IPO” or the “Offering”) and its November 3, 2017, prospectus filed on Form 424B4 with the SEC in connection with its IPO.

The Complaint alleges that the Registration Statement and Prospectus contained materially misleading statements and/or omitted material information in violation of Sections 11, 12 and 15 of the Securities Act of 1933.

On March 27, 2018, the Court issued an Order remanding this case to State Court. This case is remanded to the Superior Court of Washington in and for King County.

A related case continues in the District Court under Docket 18-CV-00812. On January 4, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on April 30.

On July 27, 2023, Lead Plaintiff filed a Motion to voluntarily dismiss the case without prejudice so that the claims could be joined to state court litigation. The Court issued an Order granting Lead Plaintiff's Motion on October 13. The case was dismissed without prejudice.